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Property profile & analytics
OFF-MARKET
Estimated value
$13,565,000
Office buildings
507 Prudential Rd Horsham, PA 19044-2308
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-5941966
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
100,692 SF
Lot
6.23 ac (271,379 SF)
Zoning code
I2
APN
36-00-10031-03-1
UPID
US73-5941966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Expert Global Solutions Inc Telecommunications Service Tech Support Center
-
Transworld Systems Inc Corporate Office
-
Lakeview -- NMLS# 391521 Bank Credit Union
-
Bayview Loan Servicing Loan Service
-
MSN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.65M
Blend (final)
Blend
$13.57M
Owner & transaction history
Rv Op 2 LP · 10 yrs held
Rv Op 2 LP
since 2015
4 recorded transactions
Zoning & alternative use
I2 · Horsham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,475,000
Current use
MEDICAL BUILDING
$15,870,000
Change: -4% · Conversion: Easy
RESTAURANT
$14,135,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$13,995,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$13.57M
Range $12.21M – $14.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$242,829
Tax year 2023
Assessed value
$6,177,600
Assessed 2024
Previous assessed
$6,177,600
+0.0% YoY
Effective rate
3.93%
On assessed value
Total market value
$6,177,600
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Total area
100,692 SF
Lot
6.23 ac (271,379 SF)
Zoning code
I2
APN
36-00-10031-03-1
UPID
US73-5941966
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Horsham, PA
Zoning I2 · permitted uses
I2 · Horsham, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Horsham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$15.9M
RESTAURANT
Est. value
$14.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.0M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Lot
6.23 ac
Current owner
From public records · entity-resolved
Rv Op 2 LP
Entity
Mailing address
700 DRESHER RD STE #150, HORSHAM, PA 19044-0138
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2015
$7,488,810
Rv Op 2 LP
Liberty Property LP
Grant Deed
$14,333,250 · Private Individual
Oct 11, 2005
—
Liberty Property
—
Deed Of Trust
related
$6,498,947 · Sun Life Assurance Co
Mar 18, 2004
—
Horsham Twp
Horsham Twp
Quit Claim Deed
related
—
May 23, 2000
—
Liberty Property LP
—
Deed Of Trust
related
$55,000,000 · Nationwide Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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